Oneiro Energy (LSE:ONE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jul. 2023)

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What is Oneiro Energy Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Oneiro Energy's cash to debt ratio for the quarter that ended in Jul. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Oneiro Energy could pay off its debt using the cash in hand for the quarter that ended in Jul. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Oneiro Energy's Cash-to-Debt or its related term are showing as below:

LSE:ONE' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, Oneiro Energy's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:ONE's Cash-to-Debt is ranked better than
99.79% of 482 companies
in the Diversified Financial Services industry
Industry Median: 2.64 vs LSE:ONE: No Debt

Oneiro Energy Cash-to-Debt Historical Data

The historical data trend for Oneiro Energy's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Oneiro Energy Cash-to-Debt Chart

Oneiro Energy Annual Data

Trend

Jan22

Jan23

Cash-to-Debt

No Debt

Oneiro Energy Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23
Cash-to-Debt	N/A	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Oneiro Energy's Cash-to-Debt

For the Shell Companies subindustry, Oneiro Energy's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Oneiro Energy's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Oneiro Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Oneiro Energy's Cash-to-Debt falls into.

Oneiro Energy Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Oneiro Energy's Cash to Debt Ratio for the fiscal year that ended in Jan. 2023 is calculated as:

Oneiro Energy had no debt ⁽¹⁾.

Oneiro Energy's Cash to Debt Ratio for the quarter that ended in Jul. 2023 is calculated as:

Oneiro Energy had no debt ⁽¹⁾.

Oneiro Energy (LSE:ONE) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Oneiro Energy Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Oneiro Energy's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Oneiro Energy (LSE:ONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Oneiro Energy PLC (LSE:ONE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Mayfair Place, Devonshire House, London, GBR, W1J 8AJ

Website

https://www.oneiro.energy

Oneiro Energy PLC is a special-purpose acquisition vehicle that will focus on acquisition opportunities within the broad energy industry, in particular on upstream oil and gas exploration or appraisal opportunities.

Oneiro Energy (LSE:ONE) Cash-to-Debt : No Debt (1) (As of Jul. 2023)